Trump Is Denying Product Exclusions From New China Tariffs
- White House wants companies to adjust their supply chains
- Next round of duties are scheduled to take effect on Sept. 24
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The Trump administration hasn’t put a process in place for companies to get exemptions from 10 percent tariffs it’s imposing on $200 billion of Chinese goods, unlike earlier rounds of the duties, four people familiar with the matter said.
The U.S has justified its decision by saying that it’s giving companies more than three months to transition their supply chains away from China before it raises tariffs to 25 percent in January, according to one of the people.